Articles


More Americans Moving Abroad in Retirement

by Ray Clancy on January 11, 2017

More and more Americans are retiring outside of the United States, and those numbers are only expected to increase in the next 10 years, according to figures from the country’s social security administration office.

The number of Americans choosing to live overseas when they retire increased by 17% from 2010 to 2015. That’s nearly 400,000 American retirees living in places such as Canada, Japan, Mexico, Germany and the United Kingdom – some of the most popular retirement locales.

old-age-retirementThese Americans cite the cost of living as one of the principal reasons for making such a huge change in their lifestyle. They can live better and cheaper abroad; for example, they may be able to afford to pay for someone to clean, cook and do their laundry.

According to the Pension Research Council at the University of Pennsylvania’s Wharton School, American pensioners also see moving to another continent as an opportunity to see other countries while they are still well enough to do so.

‘I think that many people retire when they are in good health and they are interested in stretching their dollars and seeing the world,’ said Olivia Mitchell, director of the Pension Research Council.

However, depending on where they choose to spend their retirement, many find that one of the main problems can be language. According to Viviana Rojas, an associate professor at the University of Texas at San Antonio, understanding the culture can also create problems.

Rojas is undertaking a study of Americans who have relocated to Mexico in retirement. Of those she has interviewed, she’s found that while many claimed to be able to speak Spanish, in reality they spoke very little of the language.

‘They didn’t have the capacity of speaking enough Spanish to meet their basic needs like going to the doctor or to the store,’ Rojas explained. She says that speaking a language while on holiday, for example, is not the same as when you actually live in a country and have to deal with everyday matters such as health, tax, finance, utilities and banking.

Indeed, Mitchell cites Pension Research Council studies showing that access to health care can be a challenge while living abroad, and retired people are more likely to need it than those on holiday.

Depending on the country they have moved to, they may also have to pay for their healthcare – which may be more expensive than in the US. However, in some countries it is cheaper.

{ 0 comments }

Thumbnail image for 5 top tips to make your relocation less stressful

5 top tips to make your relocation less stressful

December 9, 2016 Health

In the run-up to any relocation abroad, it can suddenly seem as if there are a hundred things to think about. It brings excitement and stress in equal measure, and one of the biggest challenges is keeping everything on track. Sadly, the recipe for a totally stress-free move is yet to be found. But as […]

Read the full article →
Thumbnail image for 7 Things Only Expats Understand

7 Things Only Expats Understand

September 9, 2016 Health

Becoming an expat shapes your personality as it takes you through a journey of life struggles and challenges. Every expat goes through very particular circumstances, but there are some things that almost all of them will have experienced. Cigna Global, a specialist in expat health care, has gathered the list of the top 7 things only […]

Read the full article →
Thumbnail image for Career expats stay less time abroad than others but earn more

Career expats stay less time abroad than others but earn more

September 3, 2016 Jobs

Expats who move abroad for their career and to boost their earnings generally stay overseas for less time than other types of expats, according to new research. Most of this kind of expat work is in manufacturing, the consumer goods industry or public sector. The majority say they are happy and have benefitted financially from […]

Read the full article →
Thumbnail image for New report reveals best locations for expat entrepreneurs, families and retirees

New report reveals best locations for expat entrepreneurs, families and retirees

July 14, 2016 Moving

Hong Kong is the top location for entrepreneurs, followed by London, with Luxembourg and Vienna the best places for families, new research shows. But for those wishing to retire abroad then Sydney, Maltal, Luxembourg, Limassol in Cyprus and Vienna are the best locations, according the global lifestyle review from real estate firm Knight Frank and […]

Read the full article →
Thumbnail image for Hong Kong ranked as most expensive city in the world for expats

Hong Kong ranked as most expensive city in the world for expats

June 23, 2016 Angola

Hong Kong is the most expensive city in the world for expats, pushing Luanda in Angola into second place, according to the latest global cost of living survey. The rankings from Mercer put Zurich in third place, Singapore in fourth while Tokyo is in fifth, up six places from last year and Kinshasa in sixth, […]

Read the full article →
Thumbnail image for European Union countries seeing number of freelances soar

European Union countries seeing number of freelances soar

June 15, 2016 European Union

There are more freelance workers in the European Union than ever before with new research showing their numbers have increased by 24% from 7.7 million to 9.6 million between 2008 and 2015. The figures by IPSE, the Association of Independent Professionals and the Self Employed, will be of interest to expats as they often end […]

Read the full article →
Thumbnail image for Growth of entrepreneur business is global success story

Growth of entrepreneur business is global success story

June 14, 2016 Expat Interviews

A large number of expats end up being freelance in their new country especially if their spouse or partner is moving abroad to work but finding their feet can be difficult, and many end up creating their own business. So it is good news that more than half of entrepreneurs globally expect to increase their […]

Read the full article →
Thumbnail image for Kinshasa named as most expensive city in the world for expats

Kinshasa named as most expensive city in the world for expats

June 13, 2016 City Guides

The city of Kinshasa, in the Democratic Republic of the Congo, is the world’s most expensive location for expats, mainly due to currency changes, new research shows. All expats know that their living costs are likely to be affected by currency fluctuations at some point and in the case of Kinshasa it is due to […]

Read the full article →
Thumbnail image for Research finds experience abroad boosts confidence and innovation

Research finds experience abroad boosts confidence and innovation

May 30, 2016 Jobs

Experiencing a range of activities while living and working abroad help people to become adept at dealing with different cultures and thriving in a global economy, according to new research. Those who gain experience from activities such as school exchange programmes, voluntary organisations, studying in another country and working abroad can end up being more confident […]

Read the full article →
Thumbnail image for World has more expats than it did 20 years ago, new research shows

World has more expats than it did 20 years ago, new research shows

May 23, 2016 Visas, Permits and Immigration

Expats are changing, with more companies sending employees abroad on assignments, leading to a growth in overall numbers, new research has found. On average, well over 50% of companies have increased the number of assignments in any given year although over the last 20 years growth has been slowed by economic shocks such as the […]

Read the full article →
Thumbnail image for New report compares key costs in eight top global cities

New report compares key costs in eight top global cities

May 18, 2016 City Guides

Housing costs, transport and commuting times can effect a decision on where to stay when moving to a new city and now a new report compares eight of the top cities in the world. The findings show that although Los Angeles and Jakarta compare favourably to Hong Kong when it comes to property costs, commuting […]

Read the full article →
Thumbnail image for E-passport rules for entry to the US catching up with holders of older documents

E-passport rules for entry to the US catching up with holders of older documents

May 12, 2016 America

Strict new immigration rules for the United States are catching up with people arriving in the country without biometric passports. Since the 01 April all people arriving in the US, regardless of whether it is to live, work or for a holiday, must have a biometric or e-passport to enter. But millions of people with […]

Read the full article →